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Des Moines defeases $39.76 million of series 2006 water revenue bonds
By Tali David
Minneapolis, Oct. 29 - The City of Des Moines, by and through its board of water works trustees, defeased $39,755,000 of its series 2006 water revenue bonds in full, according to a redemption notice.
The following bonds will be redeemed at par plus accrued interest on Dec. 1, 2014:
• $2.44 million of 4% bonds due Dec. 1, 2013;
• $2.54 million of 4% bonds due Dec. 1, 2014;
• $2.65 million of 4% bonds due Dec. 1, 2015;
• $2,765,000 of 4% bonds due Dec. 1, 2016;
• $2.4 million of 4% bonds due Dec. 1, 2017;
• $2,495,000 of 4% bonds due Dec. 1, 2019;
• $2.61 million of 4% bonds due Dec. 1, 2019;
• $2,725,000 of 4.125% bonds due Dec. 1, 2020;
• $2.85 million of 4.125% bonds due Dec. 1, 2021;
• $2.97 million of 4.125% bonds due Dec. 1, 2022;
• $3,105,000 of 4.125% bonds due Dec. 1, 2023; and
• $10,205,000 of 4.375% bonds due Dec. 1, 2026.
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